New Developments in Crypto Tax and Blockchain Security

Cryptocurrency News
6 min read time
|Updated: 2026-09-10
As of September 10, the
crypto market is seeing relatively limited price movements. Bitcoin is trading at around $78,200, Ethereum near $2,470 and XRP around $1.39, while developments in regulation and security infrastructure are among the day’s main headlines. Germany’s Finance Ministry is working on a new framework for taxing crypto gains, blockchain intelligence company TRM Labs has reached a $2 billion valuation, and a breach involving Trezor’s third-party email provider has brought phishing risks back into focus.
Market Perspective: Regulation and Security Infrastructure Move Into Focus
Today’s three developments focus less on direct crypto asset pricing and more on the regulatory, compliance and security infrastructure surrounding the industry. Germany’s tax proposal introduces a new approach to how digital asset gains could be treated alongside traditional capital income, while TRM Labs’ financing highlights continued investment in blockchain analytics and investigation tools.
In the Trezor incident, the risk did not originate directly from the
blockchain or the hardware wallet infrastructure. The breach involved a third-party email service, allowing attackers to send messages that appeared to originate from a legitimate domain and increasing the risk of phishing at the user level. Trezor said its devices, private keys and recovery backups were not compromised in the incident.
These distinctions show why developments in the crypto ecosystem need to be evaluated not only through price movements but also through regulation, institutional infrastructure and user security.
Germany Plans a 25% Tax on Crypto Gains
A draft reportedly prepared by Germany’s Federal Ministry of Finance would move certain cryptocurrency gains into the standard 25% flat-rate capital income tax framework. The rules are expected to apply from 2028 and would cover crypto assets acquired after January 1, 2027.
Under Germany’s current tax system, certain gains realized by individual investors after holding crypto assets for more than one year can be tax-free. If the proposal is adopted, this one-year holding advantage would be removed for assets acquired from 2027 onward. Assets acquired before the proposed cutoff are expected to remain subject to the existing framework.
Germany’s Finance Ministry had already stated in its 2027 budget plans that new legislation on the taxation of crypto assets would be introduced. However, the latest framework containing the 25% rate remains a proposal and has not yet completed the legislative process.
For that reason, describing the development as “Germany has introduced a 25% crypto tax” would be inaccurate. At this stage, the change is a proposed future tax framework rather than a rule already in force. The proposal also concerns German tax law and does not represent the tax treatment of crypto assets in Türkiye.
TRM Labs Reaches a $2 Billion Valuation
Blockchain intelligence and investigation company TRM Labs announced that its valuation had reached
$2 billion following an extension of its Series C financing round. The amount invested in the latest extension was not disclosed, while the company’s valuation doubled from its previous Series C round in February.
TRM Labs raised $70 million in its Series C round in February. According to the company, annual recurring revenue has quadrupled over the past three years, while its blockchain intelligence and investigation software is used by more than 600 public- and private-sector organizations across 75 countries.
The company focuses on analyzing blockchain transactions, investigating activity linked to financial crime and developing tools that can be used in compliance processes. TRM Labs is also expanding its AI-supported investigation infrastructure.
It is important to distinguish the $2 billion figure from a token market capitalization or the value of a blockchain network. The figure represents the private-company valuation assigned to TRM Labs in connection with its latest financing round. The development therefore should not be interpreted as a direct price signal for any cryptocurrency.
Breach at Trezor’s Email Provider Leads to Phishing Messages
Hardware wallet manufacturer Trezor said its third-party email provider had been breached, allowing attackers to send phishing messages through infrastructure that appeared legitimate. The messages claimed that users were affected by a supposed vulnerability called the “Critical Security Alert: STM32 Entropy Vulnerability.”
Trezor said the claimed vulnerability was not real and that the messages were not legitimate company communications. The company also said there was no indication that hardware wallets, private keys or recovery backups had been compromised in the incident.
The incident therefore should not be interpreted as a direct compromise of Trezor devices or blockchain infrastructure. The security issue occurred within third-party communications infrastructure, which was then used to direct users toward fraudulent messages.
Trezor said it had taken down the domain associated with the phishing campaign and was investigating how attackers gained access to legitimate email infrastructure. Further information about the technical cause of the breach and the scope of potentially affected user data will provide a clearer picture of the incident.
CoinTR Insight
Today’s three developments demonstrate that the crypto ecosystem extends well beyond asset prices. Germany’s tax proposal highlights the evolution of regulatory frameworks, TRM Labs’ financing shows institutional investment in blockchain compliance and analytics infrastructure, and the Trezor incident emphasizes the role of third-party service providers in user security.
The common factor is the growing importance of infrastructure across crypto-related processes. The status of regulations, oversight of service providers and the security layers protecting user information all need to be considered separately from market prices.
While CoinTR’s
USDT/TRY
pair provides a way to follow market activity between the Turkish lira and USDT, available trading pairs are only one consideration when evaluating a platform. When assessing a
reliable crypto exchange, regulatory compliance, security infrastructure, liquidity, transparency and processes designed to protect user assets are factors that should be considered together.
Forward-Looking Takeaway
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Germany’s legislative process: The 25% tax rate remains a proposal. Whether the final legislation retains the January 1, 2027 acquisition cutoff and the planned 2028 implementation schedule will determine the framework’s final scope.
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TRM Labs’ new financing: The company has not disclosed the size of the latest investment. How the additional capital is deployed across blockchain intelligence and AI-supported investigation tools will provide more detail on its expansion strategy.
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Scope of the Trezor investigation: Additional information about the technical cause of the third-party email breach and any user information that may have been affected will determine the broader scope of the security incident.
Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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